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The AFP commented this Friday details regarding the application of the second withdrawal of money from the individual capitalization accounts.
“We pension fund managers are prepared so that from Monday, December 7 we can begin an agile, informed, simple and digital withdrawal process “, expressed the general manager of the AFP Association, Fernando Larraín.
The operation will be simultaneous for more than 9 million members of the pension system.
“We hope that have the same level of efficiency that he had the first retirement, ”added Larraín.
Along these lines, he assured that they will work to quickly mitigate any particular problem that may arise.
In the same context, the general manager of the AFP Association reiterated that due to the pandemic the process will ensure that it is “100% online” and that no keys will be required.
It should be noted that the second withdrawal project was able to be promulgated as a Law of the Republic by the president Sebastián Piñera. The previous time, it was done the day after its approval in Congress.
The latter, therefore, would be pending.
Retirement may not exceed 150 UF, nor be less than 35 UF, in case the accumulated balances in the account allow it. In the event that the funds are less than the aforementioned, the affiliate may withdraw all of the resources from said account.
Persons whose income or remuneration is regulated in accordance with the provisions of article 38 bis of the Political Constitution of the Republic and which affects the high authorities (President, ministers, undersecretaries and parliamentarians, among others) will be prevented from requesting retirement. .
Likewise, People with a taxable income of 30 Annual Tax Units will not pay taxes for this withdrawal, which is equivalent to a taxable income of $ 1.5 million per month.
Also, it was approved to shorten to 10 working days the maximum term for the delivery of the funds, once the benefit has been requested, and 10 subsequent business days for the delivery of the second installment.
Congress approved the law on Thursday night that allows a second withdrawal of up to 10% of pension funds to face the crisis derived from the pandemic, almost four months after a first withdrawal was approved.
In an expeditious process, the Senate – which had already approved the bill on November 26 – approved in the third step the modifications introduced by the Chamber of Deputies, which only hours before had approved the bill by 131 votes in favor, 12 against. and two abstentions.
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